British Home Secretary Theresa May won the first round of voting to decide a successor to Prime Minister David Cameron. May, who opposed Brexit, took 165 votes among Conservative lawmakers, versus 66 votes for Energy Minister Andrea Leadsom and 48 for Justice Secretary Michael Gove. (CNBC)
FBI Director James Comey said his office is not recommending prosecutors bring charges against Hillary Clinton for her handling of classified information in connection with private email servers while secretary of state. (CNBC)
Republicans reacted quickly to the decision. House Speaker Paul Ryan said "damage is being done to the rule of law," while presumptive GOP presidential nominee Donald Trump said the decision shows the political system is "rigged."
Hundreds of protesters on Tuesday converged on the site where Alton Sterling, a 37-year-old black man, was fatally shot while being arrested by two police officers in Baton Rouge, Louisiana. (AP)
South African Paralympic gold medalist Oscar Pistorius was sentenced to six years in prison for the 2013 murder of his girlfriend, Reeva Steenkamp. (Reuters)
Chipotle Mexican Grill (CMG) executive Mark Crumpacker surrendered to police in New York and was arraigned on charges of cocaine possession. Crumpacker is the restaurant chains' chief creative and development officer. (AP)
Twinkies-maker Hostess has entered a deal with Gores Holdings to go public and is expected to have an enterprise value of $2.3 billion. (Reuters)
Though the Brexit issue still looms over world markets, U.S. investors are becoming increasingly focused on tomorrow's ADP private sector employment report and Friday's June jobs report.
Two economic reports are on today's calendar, beginning with the international trade deficit at 8:30 a.m. ET. That number is expected to come in at $40.5 billion for May after a $37.4 billion mark in April.
And at 10 a.m. ET, the ISM issues its June non-manufacturing index, seen rising to 53.6 from May's 52.9.
Investors will also be pouring over minutes from the Federal Reserve's June meeting, due out at 2 p.m. ET.
The Mortgage Bankers Association will issue its usual Wednesday look at mortgage applications at 7 a.m. ET, but the Energy Department's weekly Wednesday look at oil and gasoline inventories is delayed until tomorrow because of the July 4 holiday.
Walgreens Boots Alliance (WBA) will issue its quarterly earnings this morning, the only notable earnings report due out today.
Royal Bank of Scotland (RBS), Deutsche Bank (DB), and UBS (UBS) are among European banking stocks under pressure this morning and weighing on averages, as worries about the effects of the Brexit vote resurface.
Twitter (TWTR) named former Facebook (FB) chief technology officer and current Quip CEO Bret Taylor to its board of directors.
Apple (AAPL) will eliminate the 16 GB storage option in its next iPhone, according to published reports, making 32 GB the entry level storage option. That report has also helped shares of chipmaker Apple supplier Qorvo (QRVO).
Medivation (MDVN) has begun talks with French drugmaker Sanofi (SNY), which has increased its offer for the U.S. biotech firm to $58 per share from $55. Sanofi has been pursuing Medivation for three months, but Medivation is keeping its options open by striking confidentiality agreements with a number of parties interested in a possible transaction.
Tesla (TSLA) told U.S. regulators about a fatal accident involving the use of its autopilot feature nine days after the crash. Tesla said it learned about the May 7 crash shortly after it occurred, and disclosed it to the government on May 16. The National Highway Traffic Safety Administration is currently conducting an investigation into the incident.
No winner stepped forward to claim Tuesday night's $454 million Mega Millions jackpot. The payout for Friday night's draw grew to $508 million. (Reuters)
Former Italian Prime Minister Silvio Berlusconi announced he will sell AC Milan to buyers in China, making it the latest European soccer team set to come under Chinese ownership. (FT)